Its a great idea (although thought before, cough) and I hope it works!
Now to make it reality how do we convince Kimble to accept bitcoin on his services?
He already retweeted Bitcoin when he asked for ideas for payment processors other then VISA/MASTER/PP, so he at least knows it and took an interest in it.
Maybe some PR representative (foundation guy) could try to meet Kim and talk with him about? Whe (personaly) should be asked to do it? |
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THX, I wont even open laptop during thiw weekend BTW.  |
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I would also say:
I'd like that you can continue with gigamining and teramining.
Thanks for all the extra work you are doing.
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SO how would you guess what would be avarage speed of BTC value increase in next 20 yoears? 40%/year?
And my question is, will it be more or less linear, or will it have some more fancy curve?
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Assuming that BTC is going to become world currency, it wil have to get value of some part at least of World Econymy. Example math: Data: [WE] = 61*10^12 USD World Economy - http://en.wikipedia.org/wiki/World_economy[BTCN] = ~21*10^6 BTC available Assumptions: [P] = 10% - part of World Economy that some of us suspect BTC will be used for ( [P] * [WE] ) / [BTCN] = [USD/BTC RATIO] ( 10% * 61*10^12 ) / 21*10^6 = ~6,1*10^6 With current growth speed doubling BTC value each year it will get this level in about twenty years. So Do you think that we can get stable increase of BTC value and get 10% of economy in twenty years (~2032) Or we will get some boom and get there much faster? |
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Maybe it would be a nice idea to transfer the coins you would have normally paid on glbse to the bond holders to a special bitcoinaddress.
That way everybody can see the coins are still there for when you will be able to pay them to the bond holders.
Hi pieppiep, GLBSE has the coupon payment for tomorrow which is 470 coins. I sent the coins to GLBSE hours before Nefario decided to shut down the site. I continue to mine as you can see from the status pages and will continue to stockpile the coins. Best, gigavps So, to late, but: You can estimate some address, public it here and transfer in future coins which should belong to us to make it possible for us to check them waiting, even if it will be forever. Right? |
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Huh, I didn't even know what he was talking about (maninthemiddle?) until you answered.
This week I'll get some changes at my work and university and I will know if I'm time capable to start project as it is said in topic.
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I like the transparency of gigamining, especially the site where you see the status of all your miners.
Maybe it would be a nice idea to transfer the coins you would have normally paid on glbse to the bond holders to a special bitcoinaddress.
That way everybody can see the coins are still there for when you will be able to pay them to the bond holders.
+1 |
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I have (or had) 20 shares, jest keeping a rule Investing only as much as you can afford to loose. Could someone say how many shares wear there? 40000? Am I right? I suggest to move to distributed open source exchange. https://bitcointalk.org/index.php?topic=112728.0 |
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Now don't take this the wrong way, but I would seriously advice all of you to panic right about now.
In this situation my panic or not doesn't change pretty anything. There is nothing I can do. gonna take some barbecue with friends. |
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Giga, thanks for the info and care. I understand your point. BTW I think that any claims we could possibly have are addressed to Nefario. I hope that we wan't get cheated by him this time in this post-apocalyptic (post-fiat) world. |
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I'm confused. I was suspecting this since my previous post in this topic (where I asked if you could operate after GLBSE failure) I understand the answer as yes (conditionally, but this conditions are fulfilled). I understand why you cant imagine to work with other operator and trust it, but, can't you use smart contracts decentralized exchange? Would you do that and continue plans with terminating if exchange like that sugested in https://bitcointalk.org/index.php?topic=112728.msg1219438#msg1219438 would be available. I don't want to press, but I would feel cheated if you take an effort to start teramining just because GLBSE closed. Of course only if last data from GLBSE will get rescued somehow. |
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This is enough to hire a team to do it for you already, provided the timeframe is not too immense. You get what you paid for.
How about paying a team to do it open source? And distributed! There is such tech possible with current browsers with html5. |
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This shows a simple assumption of mine is probably right. I thought that the Jalapeno would be a single chip and the single would not be a single but a combination of Jalapeno chips. Of course the math does not add up, I see 8 ASICS there and 8 x 3.5 does not equal 40..... Maybe I am wrong or the Jalapeno is downclocked?
The current theory is that the chips are made and the ones that don't rate 5.0 GHps get put into the Jalapeno pile. Is there going to be some fan with jalapeno? |
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I have to agree.
Would any of you take the work and risk, if it GLBSE is responsible for removing shares/bonds?
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Stay away from a CD or thumb drive long term storage.
They will not last.
You could tattoo it on yourself so you don't lose it.
Great idea for some future holywood movie. My imagination says cute girl with money tatoo somewhere.. Or if you're girl imagine guy, or whatever... |
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Like Stephen and Casascius already said, paper wallets are the way to go. If you are worried about losing that paper, make some copies. Put a copy in a safety deposit box. Carve the address and key on a plank of wood, etc.
And make a few wallets. Don't put your all your eggs in one basket.
They will never be stolen, and will exist as long as Bitcoin exists. I have a couple of paper wallets that I will open in 20 years from now when they are worth thousands.
That is the thinking way I like. Nothing have to be add, but she/he asked about easy tech realization step by step for total newbie. |
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That is a form of decentralisation; each asset is handled by its issuer, who you already have to trust anyway.
To do it as a web thing though you still need some kind of browser plugin that will talk to your bitcoin daemon to sign messages and to validate messages it receives from the server.
If you look at the tabs in the Open Transactions GUI, you will see that it has a tab for bitcoin, in which it does talk to your bitcoind daemon.
If people really insist on using bitcoin address signing instead of their 'nym maybe that functionality can be added into Open Transactions too.
-MarkM-
Not sure why you would need a browser plugin. The software can just give you a message to sign as plain text, then once you use your own Bitcoin client to sign it, can verify it using it's own signature verification service (own Bitcoin, or third party) Site could just generate a bitcoin link which is accepted now as I know already by main client. And it's all no add-ons or anything needed, and there could be competing websites for link generation. For security encryption is of course recommended. I have to install IRC client to start chat ing posting is to slow.  |
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It's just to start the discussion.
At first I thought it wont work because because of no profits for developers, but..
Mechanism is there, there is just need to create web interface, so it would be for only way people will do it because its to complicated to do it without human friendly interface.
So I, or anyone who dare can make website which will let easy make trade with smart contracts making it bitcoin safe (transactions) and website could add to each contract an trade fee included to contract, then you could avoid fee by typing your contract manually which would be hard.
And with minimal fee you would be as GLBSE but, resistant to creators and makers, operators mistakes.
Wow, how brilliant I am. It is so obvious tech to write (code)
Who is with me (want to join and write it, and start it?)
I'm HPC admin and beginning software designer but I'm familiar with python nginx etc. Is there any programers who want to start with me.
Its not as easy as it first appears or someone would have done it by now. But good luck Yes, I know that, but it is possible, and lucrative. I just earn less than **BTC (after a second I decided not to disclosure that) a month at my current job, and that idea looks like worth considering changing it. |
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